Wednesday, May 20, 2015

NCUSIF: The Real Problem..."Victorian Era Kids" !


The National Credit Union Share Insurance Fund (NCUSIF) is a deposit insurance pool cooperatively owned by 100 CU million members, who belong to federally-insured credit unions in the U.S. of A.



The fiduciary management of the NCUSIF has been entrusted by Congress to the NCUA.  


How does the NCUA view this trusted relationship between the deposit insurance fund and its 100 million, individual CU member-owners...? 



The leadership of NCUA clearly states that in terms of those 100 million American CU members:
[it] ... "speaks to an audience that does not exist."

KINDA' MAKES YOU FEEL LIKE A "VICTORIAN-ERA KID",
 DOESN'T IT!?!
[see CU Journal link here]

NCUSIF: IT HAS BECOME A QUESTION OF COMPETENCE 
- AND CONFIDENCE.

7 comments:

Anonymous said...

The NCUA Leadership has changed the NCUSIF from an insurance fund to their private slush fund.

The 100 million CU members need to protected. A independent Trustee needs to be appointed to validate the appropriateness of Fund payments to NCUA.

Anonymous said...

Someone like Bernie Madoff would fit right in as Trustee.

Anonymous said...

Now appearing in a theater near you:

The Queen, Big Bird and the Professor; a story of arrogance, incompetence and commonsense.

Starring: The NCUA Board

Directed by Mr. Larry

Sponsored by NCUSIF "Where you money becomes ours".

Anonymous said...

Best not to ask for another porringer.

Anonymous said...

Where is Congress and the oversight? Waiting as usual for this to blow up in their face before they act?

Anonymous said...

"She" needs to go!

Anonymous said...

Nussle, Cheney, Mica.

Larry, Moe, Curly.

Huey, Dewey, Louie.

Frick, Frack, Frump.

None could get off their ass because they could not find it with both hands.